UK Government Twists and Writhes –Trying to Give the Nuclear Industry a Subsidy that doesn’t Look Like a Subsidy

(Source) http://nuclear-news.net/2013/02/15/uk-govt-twists-and-writhes-trying-to-give-the-nuclear-industry-a-subsidy-that-doesnt-look-like-a-subsidy/

The government, which has ruled out any public subsidy for nuclear power, is determined to avoid the perception that it will support new nuclear at any price, even at the risk of the talks collapsing.

The FT revealed on Monday that EDF is in talks with the Treasury to provide a guarantee to support the financing of third-party investors under George Osborne’s new “UK Guarantees” programme.

Talks over price threaten nuclear aims http://www.ft.com/intl/cms

/s/0/113bb614-76b1-11e2-8569-00144feabdc0.html#axzz2KzwMuEIX By Guy Chazan and Jim Pickard, 14 Feb 13,  The future of Britain’s nuclear ambitions hangs in the balance amid increasingly fraught talks between EDF Energy and the Treasury over the price of electricity from EDF’s planned nuclear power station in Somerset.

The two sides are negotiating over what price EDF should be awarded for the power it generates at Hinkley Point C, set to become the first new UK atomic plant built in a generation. But the gap between them is much wider than many in the industry were expecting………